Spin Master Corp (TSE:TOY) – Cormark reduced their FY2018 earnings per share estimates for Spin Master in a research note issued on Tuesday, November 13th. Cormark analyst D. Mcfadgen now expects that the company will post earnings per share of $2.32 for the year, down from their prior forecast of $2.44. Cormark also issued estimates for Spin Master’s FY2019 earnings at $2.63 EPS and FY2020 earnings at $2.76 EPS.
Several other equities analysts have also weighed in on the stock. Barclays restated an “overweight” rating and issued a C$65.00 price objective on shares of Spin Master in a report on Tuesday, September 18th. National Bank Financial set a C$65.00 price objective on shares of Spin Master and gave the company an “outperform” rating in a report on Thursday, August 16th. Raymond James restated an “outperform” rating and issued a C$65.00 price objective on shares of Spin Master in a report on Friday, October 26th. Royal Bank of Canada increased their price objective on shares of Spin Master from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. Finally, TD Securities increased their target price on shares of Spin Master from C$67.00 to C$68.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Spin Master presently has a consensus rating of “Buy” and a consensus price target of C$62.11.
In other Spin Master news, insider Chris Harrs sold 21,900 shares of the stock in a transaction on Friday, September 28th. The shares were sold at an average price of C$53.40, for a total value of C$1,169,460.00.
Spin Master Company Profile
Spin Master Corp., a children's entertainment company, creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and internationally. It operates through five segments: Activities, Games & Puzzles and Fun Furniture; Remote Control and Interactive Characters; Boys Action and High-Tech Construction; Pre-School and Girls; and Outdoor.
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